This Year in Albany Budgeting

Albany Budgeting

Photo credit: Gili Getz

At 2:50 am on Wednesday, April 1st, the New York State Legislature approved yet another budget. And, just like in years past, there were some victories for progressive advocates, but also plenty of disappointments.

THE GOOD

This year’s budget includes $100 million in capital funds for NYCHA public housing improvements, as well as $4.5 million for new beds at youth homeless shelters. (Thank you, Miley Cyrus!)

The budget includes another $1.6 billion in education funding, including full funding of New York City’s universal pre-K. According to the New York Times, however, that funding is tied to major education reforms, “including changes to the teacher evaluation system, bonuses for high-performing teachers, and expedited procedures to remove teachers.”

THE BAD

Once again, the budget did not include funding for the DREAM Act, a devastating blow to immigration advocates and the thousands of undocumented children living in New York City. Low-wage workers were also left out in the cold, with no increase in the state minimum wage.

While some ethics reform provisions were included (such as mandatory reporting of outside income and stricter per diem regulations), there was no major campaign finance reform, nor did the legislature close the LLC loophole that allows wealthy corporations to skirt campaign contribution limits.

THE WTF?

Finally, according to the Times, “[t]hough the word “yacht” is never used, the budget contains a tax break for anyone in the market for a “vessel” valued at more than $230,000.” That’s right–if you’re an undocumented immigrant or a low-wage worker, you’re out of luck. But if you’re thinking about buying a yacht, no problem!

There’s still time left in the legislative session, and time for the Senate and the Assembly to take up these issues, though the chances of any major progressive victories in the next two months are slim with a Republican-led Senate.

But there is no rest for the weary: there will be a major battle coming up over New York City’s rent regulations, which are set to expire in June. Greater NYC for Change is committed to renewing and strengthening our rent laws, and we’ll be working with other advocates to lobby the legislature to protect tenants. We’ll also continue our efforts to increase the minimum wage and push for more transparency in campaign finance. We hope you’ll join us!